Forecast: Number of ATMs in Australia

From 2013 to 2023, the number of ATMs in Australia showed varied trends. In 2023, the figure stood at approximately 30.86 thousand units. Observing over the last two years, the year-on-year variation was modest at 0.27% annually in 2022 and 2023, respectively. In terms of average annual growth over the last five years (CAGR), the sector moved from a negative -0.73% in 2022 to a positive 0.9% by 2023, indicating a recovering trend.

Looking ahead, the forecast for the next five years predicts a slight increase with a CAGR of 0.2%, leading to an anticipated number reaching around 31.25 thousand units by 2028. Despite the declining growth rates in several past years, the forecast shows a steady yet slow expansion.

Future trends to watch for:

• Emergence of cash alternatives such as digital wallets and cryptocurrencies may impact the demand for ATMs.
• Technological advancements in ATM functionality could enhance their usage and value.
• Banking trends and economic changes within Australia could significantly alter ATM deployment strategies and numbers.